Barrick Gold lowers cost forecast as earnings beat

(Reuters) - Barrick Gold Corp , the world's largest gold producer, reported first-quarter earnings on Tuesday that beat market expectations and also lowered its outlook for costs this year. The Toronto-based miner reported adjusted earnings of 11 cents a share, up from 5 cents a year ago and ahead of analyst expectations of 11 cents, on average, according to Thomson Reuters I/B/E/S. Barrick cut its forecast for all-in sustaining costs, the industry benchmark, for this year to a range of $760 to